Coventry Building Society two-year tracker bond 'a real winner'

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Coventry Building Society two-year tracker bond 'a real winner'

Mon 2nd Aug 2010

The new Coventry Building Society two-year tracker bond has been hailed by a representative from the provider as a great product that will protect savings strategies.

Sales and marketing director at the firm Colin Franklin explained that many people are wondering when the base interest rate may begin to rise again and how it will affect their money-making plans.

He suggested that the Coventry Building Society two-year tracker bond could stop people losing out if interest rates go up after they have committed to a long-term product.

It offers a guaranteed minimum return of 3.2 per cent until September 30th 2012 and will track the bas rate at +2.2 per cent during that time.

Mr Franklin remarked: "We think this bond will be a real winner, so savers need to act now to avoid missing out."

Last month, the firm announced that it will be launching a series of accounts alongside local football team Coventry City.

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